<PAGE>

                                                                    EXHIBIT 99.1

                              PANHANDLE STATE BANK

                  2003-2005 LONG TERM EXECUTIVE INCENTIVE PLAN
                                  PLAN DOCUMENT

                                  January 2003
                         AMENDED EFFECTIVE MARCH 4, 2005
                        AMENDED EFFECTIVE MARCH 27, 2006

TABLE OF CONTENTS

<TABLE>
<CAPTION>
SECTION                                                             PAGE
<S>                                                                 <C>
Purpose                                                                3

Administration                                                         3

Plan Description                                                       3

Eligibility                                                            3

Size of Award Opportunities                                            4

Performance Criteria and Goals                                         4

Payout and Vesting Schedule                                            4

Withholding                                                            4

Payment                                                                4

Automatic Vesting                                                      4

No Guarantee of Employment                                             5

Modification and Termination                                           5

Extraordinary Items                                                    6

Termination                                                            6
</TABLE>

      Exhibit "A" Participants

<PAGE>

      Exhibit "B" Matrix of Performance

                              PANHANDLE STATE BANK
                       2003-2005 LONG-TERM INCENTIVE PLAN

This document describes the 2003-2005 Long-Term Incentive Plan (the Plan) for
Panhandle State Bank (the Bank).

1.    PURPOSE.

      The purpose of the Plan is to provide motivation and direction to key
      executives to achieve the long-term strategic goals of the Bank. Specific
      objectives of the Plan include:

      -     Support the Bank's long-term strategic plan.
      -     Provide long-term orientation to decision making
      -     Focus participants' attention on maximizing long-term shareholder
            value.

2.    ADMINISTRATION.

      The Plan will be administered by the Compensation Committee of the Board
      of Directors of Intermountain Community Bancorp (the Committee). The
      Committee will assure that the Plan is implemented and maintained
      according to Plan provisions.

3.    PLAN DESCRIPTION.

      The Plan will provide participants with long-term financial reward
      opportunities based on achieving minimum levels of long-term performance
      goals. The Plan consists of a matrix which will reward the participants
      providing the minimum long-term corporate goals are obtained, and, if
      achieved, stock awards will be provided to Plan participants such that, if
      the eligibility requirements are met, a restricted stock award will be
      granted on March 31, 2006, and will vest one-third at the time of grant,
      one-third on January 2, 2007 and the remaining one-third on January 2,
      2008. The minimum performance levels are to be based upon a three (3) year
      (2003-2005) running average of return on equity and net asset growth (the
      "Plan Performance Period").

                                       2
<PAGE>

4.    ELIGIBILITY.

      Participants in the Plan will include key members of the executive team of
      the Bank. The CEO of the Bank will recommend who participates in the Plan
      for Committee approval. Participants must be continuously employed at the
      Bank during the Plan Performance Period and must further be employed on
      March 31, 2006, the date the award is granted, and remain employed on each
      vesting date. The CEO will communicate such participation to each
      participant at the beginning of the Plan Performance Period.
      Participants in the Plan are listed on Exhibit "A."

      At the beginning of each calendar year, the CEO will review and, if
      appropriate, revise Plan participation for the remaining period of the
      Long-Term Plan.

5.    SIZE OF AWARD OPPORTUNITIES.

      To be most effective, payout opportunities must be meaningful and
      competitive. To accomplish this, there has been established a matrix which
      will award participants for Bank performance so long as minimum levels of
      return on equity and average asset growth over the Plan Performance Period
      are met. If the Bank's performance is in excess of the minimums, the
      Plan's participant benefits will increase as performance increases. The
      performance matrix for each participant in this Plan is attached hereto as
      Exhibit "B." The restricted stock award shall be adjusted for any stock
      splits/dividends issued during the term of the Plan.

6.    PERFORMANCE CRITERIA AND GOALS.

      The performance criteria of consolidated average annual return on equity
      of Intermountain Community Bancorp and consolidated average annual asset
      growth of Intermountain Community Bancorp for the Plan Performance Period
      will support the maximization of long-term shareholder value. At the
      beginning of each fiscal year, the CEO will provide to the Committee the
      performance pursuant to the Plan for the prior calendar year.

7.    PAYOUT SCHEDULE.

      The benefits, if any, to be paid to the executives shall vest such that
      one-third of the benefits paid on March 31, 2006 will vest at the time of
      grant, one-third on January 2, 2007 and the remaining one-third on January
      2, 2008. As a condition precedent to the award of any benefits pursuant to
      this Plan, the executive will be required to be employed by the Bank on
      each vesting date.

8.    WITHHOLDING.

      The participant shall be responsible for all related federal and state
      income tax implications. The Bank will withhold all required regulatory
      federal income tax, state income tax and payroll taxes when paid.

                                       3
<PAGE>

9.    PAYMENT.

      Benefits to be awarded pursuant to this Plan, if any, shall be in the form
      of a restricted stock grant to the executive according to the applicable
      matrix attached as Exhibit "B," the full amount of which will be granted
      on March 31, 2006, vesting in the amounts and on such dates as set forth
      in Section 7 of the Plan.

10.   AUTOMATIC VESTING.

      If a change in control of Intermountain Community Bancorp or the Bank
      occurs before the end of the Plan Performance Period, the stock grants
      awarded to participants under the Plan shall be determined as of the date
      the change in control occurred rather than as of the end of the Plan
      Performance Period. The stock grants shall be determined by the Committee
      based on Intermountain Community Bancorp's consolidated average annual
      return on equity and consolidated average annual asset growth through the
      most recent quarter end before the change in control occurred. If the most
      recent quarter end is an interim period, the Committee may make
      annualizing or other appropriate adjustments to consolidated average
      annual return on equity and consolidated average annual asset growth. The
      stock awards shall be similarly determined for any participant who dies or
      who becomes disabled (as determined by the Committee) before the end of
      the Plan Performance Period, based on consolidated average annual return
      on equity and consolidated average annual asset growth through the most
      recent quarter end before death or disability occurred. Once a
      participant's stock award is determined after a change in control or after
      the participant's death or disability, the stock award shall be paid to
      the participant as promptly as practicable, rather than according to the
      schedule set forth in Section 7 (one-third March 31, 2006, one-third on
      January 2, 2007 and one-third on January 2, 2008), and the requirement
      that a participant remain employed through January 2, 2008 to claim
      entitlement to the full amount of this stock award shall not apply. If a
      change in control occurs after December 31, 2005, or if the participant
      dies or becomes disabled after December 31, 2005, but before the stock
      award fully vests according to the schedule described in Section 7, the
      stock award shall likewise be considered "fully vested" and the
      requirement that the participant remain employed through January 2, 2008
      to claim entitlement to the full amount of his stock award shall not
      apply.

      For purposes of this section 10, the term change in control shall mean a
      change in the ownership of Intermountain Community Bancorp, a change in
      effective control of Intermountain Community Bancorp, or a change in the
      ownership of a substantial portion of the assets of Intermountain
      Community Bancorp, as those terms are defined in Internal Revenue Code
      section 409A or in regulations or guidance of general applicability issued
      by the Treasury Department under Section 409A of the Internal Revenue
      Code, including the Treasury Department's Notice 2005-1, Part IV.B
      (questions 11 through 14), contained in Internal Revenue Bulletin 2005-2
      (January 10, 2005). For purposes of this section 10, the term disability
      means that, because of any medically determinable physical or mental
      impairment that can be expected to result in death or can be expected to
      last for a continuous period of at least 12 months, the participant is
      unable to engage in any substantial gainful activity or the participant is
      receiving income replacement benefits for a period of at least
      three months under an accident and health plan covering employees of the
      Bank. The existence of disability shall be determined by the Committee.

                                       4
<PAGE>

11.   NO GUARANTEE OF EMPLOYMENT.

      Nothing in the Plan or any Plan materials guarantees employment at the
      Bank. Further, this Plan should not be implied as any contract agreement.

12.   MODIFICATION AND TERMINATION.

      The Committee has the right to amend or terminate the Plan at any time.
      However, termination or modification of the Plan during the Plan
      Performance Period will not negatively affect performance goals and payout
      opportunities up until the point of termination.

13.   EXTRAORDINARY ITEMS.

      The Committee has the authority but no obligation to exclude any
      extraordinary accounting items such as changes in generally accepted
      accounting procedures, sales or major assets or regulatory changes.

14.   TERMINATION.

      Participants must be continuously employed by the Bank throughout the Plan
      Performance Period and must further be employed on March 31, 2006 in order
      to receive the award, the first one-third of which will vest on the date
      of grant. The Participant must continue to remain employed on the vesting
      dates of January 2, 2007 and January 2, 2008 to receive the remaining
      two-thirds of the award. Participants who become fully disabled or die
      during the term of the Plan will receive benefits pursuant to the Plan on
      a pro-rata basis based upon the performance results through the most
      recent quarter end. Participants who voluntarily or involuntarily
      terminate their employment prior to receiving benefits under the Plan will
      forfeit automatically their rights to any unvested portions of the award.

                                       5
<PAGE>

                           Exhibit "A" - Participants

                           2003 - 2005 Long Term Plan

Curt Hecker                                     Chief Executive Officer

Jerry Smith                                     President, Branch Administration

Doug Wright                                     Executive Vice President
                                                & Chief Financial Officer

John Nagel                                      Senior Vice President
                                                & Credit Administrator

                                       6
<PAGE>

                                    EXHIBIT B

                 IMCB 2003-2005 LONG TERM INCENTIVE PLAN MATRIX

PANHANDLE BANK
Long-Term Incentive Program

CURT HECKER SHARES       35% OF TOTAL SHARES

                         0.35
<TABLE>
<CAPTION>
                                                    Asset Growth
 ROE        58.0%        60.0%       62.0%        64.0%       66.0%       68.0%        70.0%       72.0%         74.0%
------      ------       ------      ------       ------      ------      ------       ------      ------        ------
<C>         <C>          <C>         <C>          <C>         <C>         <C>          <C>         <C>           <C>
12.00%       7,042        7,504       7,966        8,428       8,890       9,352        9,814      10,276        10,738
12.25%       7,168        7,644       8,120        8,596       9,072       9,548       10,024      10,500        10,976
12.50%      11,004       11,739      12,474       13,209      13,944      14,679       15,414      16,149        16,884
12.75%      11,256       12,012      12,768       13,524      14,280      15,036       15,792      16,548        17,304
13.00%      11,508       12,285      13,062       13,839      14,616      15,393       16,170      16,947        17,724
13.25%      11,771       12,548      13,325       14,102      14,879      15,656       16,433      17,210        17,987
13.50%      12,054       12,852      13,650       14,448      15,246      16,044       16,842      17,640        18,438
13.75%      12,327       13,157      13,986       14,816      15,645      16,475       17,304      18,134        18,963
14.00%      12,600       13,440      14,280       15,120      15,960      16,800       17,640      18,480        19,320
14.25%      12,884       13,745      14,606       15,467      16,328      17,189       18,050      18,911        19,772
14.50%      13,188       14,070      14,952       15,834      16,716      17,598       18,480      19,362        20,244
14.75%      13,482       14,385      15,288       16,191      17,094      17,997       18,900      19,803        20,706
15.00%      13,776       14,700      15,624       16,548      17,472      18,396       19,320      20,244        21,168
15.25%      14,112       15,057      16,002       16,947      17,892      18,837       19,782      20,727        21,672
15.50%      14,438       15,404      16,370       17,336      18,302      19,268       20,234      21,200        22,166
15.75%      14,763       15,761      16,758       17,756      18,753      19,751       20,748      21,746        22,743
16.00%      15,099       16,107      17,115       18,123      19,131      20,139       21,147      22,155        23,163
16.25%      15,435       16,454      17,472       18,491      19,509      20,528       21,546      22,565        23,583
16.50%      15,792       16,853      17,913       18,974      20,034      21,095       22,155      23,216        24,276
16.75%      16,149       17,220      18,291       19,362      20,433      21,504       22,575      23,646        24,717
17.00%      16,527       17,630      18,732       19,835      20,937      22,040       23,142      24,245        25,347
17.25%      16,905       18,039      19,173       20,307      21,441      22,575       23,709      24,843        25,977
17.50%      17,273       18,428      19,583       20,738      21,893      23,048       24,203      25,358        26,513
17.75%      17,682       18,858      20,034       21,210      22,386      23,562       24,738      25,914        27,090
18.00%      18,081       19,278      20,475       21,672      22,869      24,066       25,263      26,460        27,657
18.25%      18,501       19,740      20,979       22,218      23,457      24,696       25,935      27,174        28,413
18.50%      18,932       20,181      21,431       22,680      23,930      25,179       26,429      27,678        28,928
18.75%      19,352       20,643      21,935       23,226      24,518      25,809       27,101      28,392        29,684
19.00%      19,793       21,116      22,439       23,762      25,085      26,408       27,731      29,054        30,377
19.25%      20,244       21,599      22,953       24,308      25,662      27,017       28,371      29,726        31,080
19.50%      20,706       22,092      23,478       24,864      26,250      27,636       29,022      30,408        31,794
19.75%      21,179       22,586      23,993       25,400      26,807      28,214       29,621      31,028        32,435
20.00%      21,662       23,111      24,560       26,009      27,458      28,907       30,356      31,805        33,254
20.25%      22,155       23,625      25,095       26,565      28,035      29,505       30,975      32,445        33,915
20.50%      22,670       24,182      25,694       27,206      28,718      30,230       31,742      33,254        34,766
20.75%      23,184       24,738      26,292       27,846      29,400      30,954       32,508      34,062        35,616
21.00%      23,720       25,305      26,891       28,476      30,062      31,647       33,233      34,818        36,404
21.25%      24,255       25,872      27,489       29,106      30,723      32,340       33,957      35,574        37,191
21.50%      24,801       26,460      28,119       29,778      31,437      33,096       34,755      36,414        38,073
21.75%      25,368       27,069      28,770       30,471      32,172      33,873       35,574      37,275        38,976
22.00%      25,998       27,720      29,442       31,164      32,886      34,608       36,330      38,052        39,774

<CAPTION>
                                                     Asset Growth
76.0%       78.0%        80.0%       82.0%        84.0%       86.0%       88.0%        90.0%       92.0%         94.0%
------      ------       ------      ------       ------      ------      ------       ------      ------        ------
<C>         <C>          <C>         <C>          <C>         <C>         <C>          <C>         <C>           <C>
11,200      11,690       12,131      12,572       13,013      13,454      13,895       14,336      14,777        15,218
11,452      11,956       12,404      12,852       13,300      13,748      14,196       14,644      15,092        15,540
17,619      18,344       19,037      19,730       20,423      21,116      21,809       22,502      23,195        23,888
18,060      18,753       19,457      20,160       20,864      21,567      22,271       22,974      23,678        24,381
18,501      19,184       19,898      20,612       21,326      22,040      22,754       23,468      24,182        24,896
18,764      19,625       20,360      21,095       21,830      22,565      23,300       24,035      24,770        25,505
19,236      20,076       20,832      21,588       22,344      23,100      23,856       24,612      25,368        26,124
19,793      20,538       21,315      22,092       22,869      23,646      24,423       25,200      25,977        26,754
20,160      21,000       21,788      22,575       23,363      24,150      24,938       25,725      26,513        27,300
20,633      21,483       22,281      23,079       23,877      24,675      25,473       26,271      27,069        27,867
21,126      21,966       22,796      23,625       24,455      25,284      26,114       26,943      27,773        28,602
21,609      22,470       23,310      24,150       24,990      25,830      26,670       27,510      28,350        29,190
22,092      22,985       23,846      24,707       25,568      26,429      27,290       28,151      29,012        29,873
22,617      23,510       24,392      25,274       26,156      27,038      27,920       28,802      29,684        30,566
23,132      24,056       24,959      25,862       26,765      27,668      28,571       29,474      30,377        31,280
23,741      24,602       25,526      26,450       27,374      28,298      29,222       30,146      31,070        31,994
24,171      25,158       26,103      27,048       27,993      28,938      29,883       30,828      31,773        32,718
24,602      25,725       26,691      27,657       28,623      29,589      30,555       31,521      32,487        33,453
25,337      26,313       27,311      28,308       29,306      30,303      31,301       32,298      33,296        34,293
25,788      26,922       27,930      28,938       29,946      30,954      31,962       32,970      33,978        34,986
26,450      27,531       28,550      29,568       30,587      31,605      32,624       33,642      34,661        35,679
27,111      28,161       29,222      30,282       31,343      32,403      33,464       34,524      35,585        36,645
27,668      28,802       29,873      30,944       32,015      33,086      34,157       35,228      36,299        37,370
28,266      29,463       30,576      31,689       32,802      33,915      35,028       36,141      37,254        38,367
28,854      30,135       31,269      32,403       33,537      34,671      35,805       36,939      38,073        39,207
29,652      30,828       31,983      33,138       34,293      35,448      36,603       37,758      38,913        40,068
30,177      31,542       32,718      33,894       35,070      36,246      37,422       38,598      39,774        40,950
30,975      32,256       33,474      34,692       35,910      37,128      38,346       39,564      40,782        42,000
31,700      32,991       34,230      35,469       36,708      37,947      39,186       40,425      41,664        42,903
32,435      33,747       35,007      36,267       37,527      38,787      40,047       41,307      42,567        43,827
33,180      34,524       35,826      37,128       38,430      39,732      41,034       42,336      43,638        44,940
33,842      35,312       36,635      37,958       39,281      40,604      41,927       43,250      44,573        45,896
34,703      36,110       37,475      38,840       40,205      41,570      42,935       44,300      45,665        47,030
35,385      36,939       38,325      39,711       41,097      42,483      43,869       45,255      46,641        48,027
36,278      37,779       39,186      40,593       42,000      43,407      44,814       46,221      47,628        49,035
37,170      38,640       40,089      41,538       42,987      44,436      45,885       47,334      48,783        50,232
37,989      39,522       41,003      42,483       43,964      45,444      46,925       48,405      49,886        51,366
38,808      40,425       41,948      43,470       44,993      46,515      48,038       49,560      51,083        52,605
39,732      41,349       42,903      44,457       46,011      47,565      49,119       50,673      52,227        53,781
40,677      42,294       43,890      45,486       47,082      48,678      50,274       51,870      53,466        55,062
41,496      43,302       44,919      46,536       48,153      49,770      51,387       53,004      54,621        56,280
</TABLE>

<PAGE>

                                    EXHIBIT B

                 IMCB 2003-2005 LONG TERM INCENTIVE PLAN MATRIX

PANHANDLE BANK
Long-Term Incentive Program

JERRY SMITH SHARES       23.67% OF TOTAL SHARES

                         0.24

<TABLE>
<CAPTION>
                                                     Asset Growth
 ROE        58.0%        60.0%       62.0%        64.0%       66.0%       68.0%        70.0%       72.0%         74.0%
------      ------       ------      ------       ------      ------      ------       ------      ------        ------
<C>         <C>          <C>         <C>          <C>         <C>         <C>          <C>         <C>           <C>
12.00%       4,762        5,075       5,387        5,700       6,012       6,325        6,637       6,950         7,262
12.25%       4,848        5,170       5,491        5,813       6,135       6,457        6,779       7,101         7,423
12.50%       7,442        7,939       8,436        8,933       9,430       9,927       10,424      10,921        11,418
12.75%       7,612        8,124       8,635        9,146       9,657      10,169       10,680      11,191        11,702
13.00%       7,783        8,308       8,834        9,359       9,885      10,410       10,936      11,461        11,986
13.25%       7,960        8,486       9,011        9,537      10,062      10,588       11,113      11,639        12,164
13.50%       8,152        8,692       9,231        9,771      10,311      10,850       11,390      11,930        12,469
13.75%       8,337        8,898       9,459       10,020      10,580      11,141       11,702      12,263        12,824
14.00%       8,521        9,089       9,657       10,225      10,794      11,362       11,930      12,498        13,066
14.25%       8,713        9,295       9,877       10,460      11,042      11,624       12,207      12,789        13,371
14.50%       8,919        9,515      10,112       10,708      11,305      11,901       12,498      13,094        13,691
14.75%       9,118        9,728      10,339       10,950      11,560      12,171       12,782      13,392        14,003
15.00%       9,317        9,941      10,566       11,191      11,816      12,441       13,066      13,691        14,316
15.25%       9,544       10,183      10,822       11,461      12,100      12,739       13,378      14,017        14,656
15.50%       9,764       10,417      11,070       11,724      12,377      13,030       13,684      14,337        14,990
15.75%       9,984       10,659      11,333       12,008      12,682      13,357       14,032      14,706        15,381
16.00%      10,211       10,893      11,575       12,256      12,938      13,620       14,301      14,983        15,665
16.25%      10,438       11,127      11,816       12,505      13,194      13,882       14,571      15,260        15,949
16.50%      10,680       11,397      12,114       12,832      13,549      14,266       14,983      15,700        16,418
16.75%      10,921       11,646      12,370       13,094      13,819      14,543       15,267      15,991        16,716
17.00%      11,177       11,923      12,668       13,414      14,159      14,905       15,651      16,396        17,142
17.25%      11,433       12,200      12,966       13,733      14,500      15,267       16,034      16,801        17,568
17.50%      11,681       12,462      13,243       14,024      14,806      15,587       16,368      17,149        17,930
17.75%      11,958       12,753      13,549       14,344      15,139      15,935       16,730      17,525        18,321
18.00%      12,228       13,037      13,847       14,656      15,466      16,275       17,085      17,895        18,704
18.25%      12,512       13,350      14,188       15,026      15,864      16,702       17,539      18,377        19,215
18.50%      12,803       13,648      14,493       15,338      16,183      17,028       17,873      18,718        19,563
18.75%      13,087       13,961      14,834       15,707      16,581      17,454       18,328      19,201        20,075
19.00%      13,385       14,280      15,175       16,070      16,964      17,859       18,754      19,648        20,543
19.25%      13,691       14,607      15,523       16,439      17,355      18,271       19,187      20,103        21,019
19.50%      14,003       14,941      15,878       16,815      17,753      18,690       19,627      20,564        21,502
19.75%      14,323       15,274      16,226       17,177      18,129      19,080       20,032      20,983        21,935
20.00%      14,649       15,629      16,609       17,589      18,569      19,549       20,529      21,509        22,489
20.25%      14,983       15,977      16,971       17,966      18,960      19,954       20,948      21,942        22,936
20.50%      15,331       16,354      17,376       18,399      19,421      20,444       21,466      22,489        23,511
20.75%      15,679       16,730      17,781       18,832      19,883      20,934       21,985      23,036        24,087
21.00%      16,041       17,113      18,186       19,258      20,330      21,402       22,475      23,547        24,619
21.25%      16,403       17,497      18,590       19,684      20,778      21,871       22,965      24,058        25,152
21.50%      16,773       17,895      19,016       20,138      21,260      22,382       23,504      24,626        25,748
21.75%      17,156       18,306      19,457       20,607      21,757      22,908       24,058      25,209        26,359
22.00%      17,582       18,747      19,911       21,076      22,240      23,405       24,569      25,734        26,899

<CAPTION>
                                                     Asset Growth
76.0%       78.0%        80.0%       82.0%        84.0%       86.0%       88.0%        90.0%       92.0%         94.0%
------      ------       ------      ------       ------      ------      ------       ------      ------        ------
<C>         <C>          <C>         <C>          <C>         <C>         <C>          <C>         <C>           <C>
 7,574       7,906        8,204       8,502        8,801       9,099       9,397        9,695       9,993        10,292
 7,745       8,086        8,389       8,692        8,995       9,298       9,601        9,904      10,207        10,509
11,915      12,405       12,874      13,343       13,811      14,280      14,749       15,217      15,686        16,155
12,214      12,682       13,158      13,634       14,110      14,585      15,061       15,537      16,013        16,489
12,512      12,974       13,456      13,939       14,422      14,905      15,388       15,871      16,354        16,836
12,689      13,272       13,769      14,266       14,763      15,260      15,757       16,254      16,751        17,248
13,009      13,577       14,088      14,600       15,111      15,622      16,133       16,645      17,156        17,667
13,385      13,890       14,415      14,941       15,466      15,991      16,517       17,042      17,568        18,093
13,634      14,202       14,735      15,267       15,800      16,332      16,865       17,397      17,930        18,460
13,953      14,529       15,068      15,608       16,148      16,687      17,227       17,767      18,306        18,846
14,287      14,855       15,416      15,977       16,538      17,099      17,660       18,221      18,782        19,343
14,614      15,196       15,764      16,332       16,900      17,468      18,037       18,605      19,173        19,741
14,941      15,544       16,126      16,709       17,291      17,873      18,455       19,038      19,620        20,202
15,296      15,899       16,496      17,092       17,689      18,285      18,882       19,478      20,075        20,671
15,644      16,268       16,879      17,490       18,100      18,711      19,322       19,933      20,543        21,154
16,055      16,638       17,263      17,887       18,512      19,137      19,762       20,387      21,012        21,637
16,347      17,014       17,653      18,292       18,931      19,570      20,209       20,849      21,488        22,127
16,638      17,397       18,051      18,704       19,357      20,011      20,664       21,317      21,970        22,624
17,135      17,795       18,470      19,144       19,819      20,493      21,168       21,843      22,517        23,192
17,440      18,207       18,889      19,570       20,252      20,934      21,615       22,297      22,979        23,661
17,887      18,619       19,308      19,996       20,685      21,374      22,063       22,752      23,440        24,129
18,335      19,045       19,762      20,479       21,196      21,914      22,631       23,348      24,065        24,782
18,711      19,478       20,202      20,927       21,651      22,375      23,100       23,824      24,548        25,272
19,116      19,925       20,678      21,431       22,184      22,936      23,689       24,442      25,194        25,947
19,514      20,380       21,147      21,914       22,681      23,448      24,214       24,981      25,748        26,515
20,053      20,849       21,630      22,411       23,192      23,973      24,754       25,535      26,316        27,097
20,408      21,331       22,127      22,922       23,717      24,513      25,308       26,103      26,899        27,694
20,948      21,814       22,638      23,462       24,285      25,109      25,933       26,757      27,580        28,404
21,438      22,311       23,149      23,987       24,825      25,663      26,501       27,339      28,177        29,015
21,935      22,823       23,675      24,527       25,379      26,231      27,083       27,935      28,787        29,640
22,439      23,348       24,229      25,109       25,990      26,870      27,751       28,631      29,512        30,392
22,887      23,881       24,775      25,670       26,565      27,460      28,354       29,249      30,144        31,038
23,469      24,420       25,343      26,267       27,190      28,113      29,036       29,959      30,882        31,805
23,930      24,981       25,919      26,856       27,793      28,731      29,668       30,605      31,543        32,480
24,534      25,549       26,501      27,452       28,404      29,356      30,307       31,259      32,210        33,162
25,138      26,132       27,112      28,092       29,071      30,051      31,031       32,011      32,991        33,971
25,691      26,728       27,729      28,731       29,732      30,733      31,734       32,736      33,737        34,738
26,245      27,339       28,368      29,398       30,428      31,457      32,487       33,517      34,546        35,576
26,870      27,964       29,015      30,066       31,117      32,168      33,218       34,269      35,320        36,371
27,509      28,603       29,682      30,762       31,841      32,920      34,000       35,079      36,158        37,238
28,063      29,285       30,378      31,472       32,565      33,659      34,752       35,846      36,939        38,061
</TABLE>

<PAGE>

                                    EXHIBIT B

                 IMCB 2003-2005 LONG TERM INCENTIVE PLAN MATRIX

PANHANDLE BANK
Long-Term Incentive Program

DOUG WRIGHT SHARES       22.67% OF TOTAL SHARES


                         0.2267
<TABLE>
<CAPTION>
                                                     Asset Growth
 ROE        58.0%        60.0%       62.0%        64.0%       66.0%       68.0%        70.0%       72.0%         74.0%
------      ------       ------      ------       ------      ------      ------       ------      ------        ------
<C>         <C>          <C>         <C>          <C>         <C>         <C>          <C>         <C>           <C>
12.00%       4,561        4,860       5,160        5,459       5,758       6,057        6,357       6,656         6,955
12.25%       4,643        4,951       5,259        5,568       5,876       6,184        6,493       6,801         7,109
12.50%       7,127        7,604       8,080        8,556       9,032       9,508        9,984      10,460        10,936
12.75%       7,291        7,780       8,270        8,760       9,249       9,739       10,229      10,718        11,208
13.00%       7,454        7,957       8,460        8,964       9,467       9,970       10,474      10,977        11,480
13.25%       7,624        8,127       8,630        9,134       9,637      10,140       10,644      11,147        11,650
13.50%       7,808        8,324       8,841        9,358       9,875      10,392       10,909      11,426        11,943
13.75%       7,984        8,522       9,059        9,596      10,133      10,671       11,208      11,745        12,283
14.00%       8,161        8,705       9,249        9,793      10,338      10,882       11,426      11,970        12,514
14.25%       8,345        8,903       9,460       10,018      10,576      11,133       11,691      12,249        12,806
14.50%       8,542        9,113       9,685       10,256      10,827      11,398       11,970      12,541        13,112
14.75%       8,732        9,317       9,902       10,487      11,072      11,657       12,242      12,827        13,412
15.00%       8,923        9,521      10,120       10,718      11,317      11,915       12,514      13,112        13,711
15.25%       9,141        9,753      10,365       10,977      11,589      12,201       12,813      13,425        14,037
15.50%       9,351        9,977      10,603       11,228      11,854      12,480       13,106      13,731        14,357
15.75%       9,562       10,208      10,854       11,500      12,147      12,793       13,439      14,085        14,731
16.00%       9,780       10,433      11,086       11,739      12,391      13,044       13,697      14,350        15,003
16.25%       9,997       10,657      11,317       11,977      12,636      13,296       13,956      14,615        15,275
16.50%      10,229       10,916      11,603       12,289      12,976      13,663       14,350      15,037        15,724
16.75%      10,460       11,154      11,847       12,541      13,235      13,928       14,622      15,316        16,010
17.00%      10,705       11,419      12,133       12,847      13,561      14,275       14,989      15,704        16,418
17.25%      10,950       11,684      12,419       13,153      13,888      14,622       15,357      16,091        16,826
17.50%      11,188       11,936      12,684       13,432      14,180      14,928       15,676      16,424        17,173
17.75%      11,453       12,215      12,976       13,738      14,500      15,261       16,023      16,785        17,547
18.00%      11,711       12,487      13,262       14,037      14,813      15,588       16,363      17,139        17,914
18.25%      11,983       12,786      13,588       14,391      15,193      15,996       16,798      17,601        18,404
18.50%      12,262       13,072      13,881       14,690      15,499      16,309       17,118      17,927        18,737
18.75%      12,534       13,371      14,207       15,044      15,880      16,717       17,553      18,390        19,226
19.00%      12,820       13,677      14,534       15,391      16,248      17,105       17,961      18,818        19,675
19.25%      13,112       13,990      14,867       15,744      16,622      17,499       18,376      19,254        20,131
19.50%      13,412       14,309      15,207       16,105      17,003      17,900       18,798      19,696        20,593
19.75%      13,718       14,629      15,540       16,452      17,363      18,274       19,186      20,097        21,008
20.00%      14,030       14,969      15,908       16,846      17,785      18,723       19,662      20,600        21,539
20.25%      14,350       15,302      16,254       17,207      18,159      19,111       20,063      21,015        21,967
20.50%      14,683       15,663      16,642       17,621      18,601      19,580       20,559      21,539        22,518
20.75%      15,017       16,023      17,030       18,036      19,043      20,049       21,056      22,062        23,069
21.00%      15,363       16,390      17,417       18,444      19,471      20,498       21,525      22,552        23,579
21.25%      15,710       16,758      17,805       18,852      19,900      20,947       21,994      23,042        24,089
21.50%      16,064       17,139      18,213       19,288      20,362      21,437       22,511      23,586        24,660
21.75%      16,431       17,533      18,635       19,737      20,838      21,940       23,042      24,144        25,245
22.00%      16,839       17,955      19,070       20,185      21,301      22,416       23,531      24,647        25,762

<CAPTION>
                                                        Asset Growth
76.0%       78.0%        80.0%       82.0%        84.0%       86.0%       88.0%        90.0%       92.0%         94.0%
------      ------       ------      ------       ------      ------      ------       ------      ------        ------
<C>         <C>          <C>         <C>          <C>         <C>         <C>          <C>         <C>           <C>
 7,254       7,572        7,857       8,143        8,429       8,714       9,000        9,286       9,571         9,857
 7,418       7,744        8,034       8,324        8,615       8,905       9,195        9,485       9,775        10,065
11,412      11,881       12,330      12,779       13,228      13,677      14,126       14,575      15,023        15,472
11,698      12,147       12,602      13,058       13,514      13,969      14,425       14,881      15,336        15,792
11,983      12,425       12,888      13,350       13,813      14,275      14,738       15,200      15,663        16,125
12,153      12,711       13,187      13,663       14,139      14,615      15,091       15,567      16,044        16,520
12,459      13,004       13,493      13,983       14,473      14,962      15,452       15,942      16,431        16,921
12,820      13,303       13,806      14,309       14,813      15,316      15,819       16,322      16,826        17,329
13,058      13,602       14,112      14,622       15,132      15,642      16,152       16,662      17,173        17,680
13,364      13,915       14,432      14,949       15,465      15,982      16,499       17,016      17,533        18,050
13,684      14,228       14,765      15,302       15,840      16,377      16,914       17,451      17,989        18,526
13,996      14,554       15,098      15,642       16,186      16,730      17,275       17,819      18,363        18,907
14,309      14,887       15,445      16,003       16,560      17,118      17,676       18,233      18,791        19,349
14,649      15,227       15,799      16,370       16,941      17,513      18,084       18,655      19,226        19,798
14,983      15,581       16,166      16,751       17,336      17,921      18,506       19,090      19,675        20,260
15,377      15,935       16,533      17,132       17,730      18,329      18,927       19,526      20,124        20,723
15,656      16,295       16,907      17,519       18,131      18,744      19,356       19,968      20,580        21,192
15,935      16,662       17,288      17,914       18,540      19,165      19,791       20,417      21,042        21,668
16,411      17,043       17,689      18,335       18,982      19,628      20,274       20,920      21,566        22,212
16,703      17,438       18,091      18,744       19,396      20,049      20,702       21,355      22,008        22,661
17,132      17,832       18,492      19,152       19,811      20,471      21,131       21,790      22,450        23,110
17,560      18,240       18,927      19,614       20,301      20,988      21,675       22,362      23,049        23,735
17,921      18,655       19,349      20,043       20,736      21,430      22,124       22,817      23,511        24,205
18,308      19,084       19,805      20,525       21,246      21,967      22,688       23,409      24,130        24,851
18,689      19,519       20,253      20,988       21,722      22,457      23,191       23,926      24,660        25,395
19,206      19,968       20,716      21,464       22,212      22,960      23,708       24,456      25,205        25,953
19,546      20,430       21,192      21,954       22,715      23,477      24,239       25,000      25,762        26,524
20,063      20,893       21,682      22,471       23,259      24,048      24,837       25,626      26,415        27,204
20,532      21,369       22,171      22,974       23,776      24,579      25,381       26,184      26,986        27,789
21,008      21,858       22,675      23,491       24,307      25,123      25,939       26,755      27,571        28,387
21,491      22,362       23,205      24,048       24,892      25,735      26,578       27,422      28,265        29,108
21,920      22,872       23,729      24,586       25,443      26,299      27,156       28,013      28,870        29,727
22,477      23,389       24,273      25,157       26,041      26,925      27,809       28,693      29,578        30,462
22,919      23,926       24,824      25,721       26,619      27,517      28,415       29,312      30,210        31,108
23,497      24,470       25,381      26,293       27,204      28,115      29,027       29,938      30,849        31,761
24,076      25,028       25,966      26,905       27,843      28,782      29,720       30,659      31,597        32,536
24,606      25,599       26,558      27,517       28,476      29,435      30,394       31,353      32,312        33,270
25,136      26,184       27,170      28,156       29,142      30,128      31,115       32,101      33,087        34,073
25,735      26,782       27,789      28,795       29,802      30,809      31,815       32,822      33,828        34,835
26,347      27,394       28,428      29,462       30,496      31,529      32,563       33,597      34,631        35,664
26,878      28,047       29,095      30,142       31,189      32,237      33,284       34,331      35,379        36,453
</TABLE>


<PAGE>

                                   EXHIBIT B

                 IMCB 2003-2005 LONG TERM INCENTIVE PLAN MATRIX

PANHANDLE BANK
Long-Term Incentive  Program

JOHN NAGEL               18.67% OF TOTAL SHARES

                         0.1867

<TABLE>
<CAPTION>
                                                     Asset Growth
 ROE        58.0%        60.0%       62.0%        64.0%       66.0%       68.0%        70.0%       72.0%         74.0%
------      ------       ------      ------       ------      ------      ------       ------      ------        ------
<C>         <C>          <C>         <C>          <C>         <C>         <C>          <C>         <C>           <C>
12.00%       3,756        4,003       4,249        4,496       4,742       4,989        5,235       5,482         5,728
12.25%       3,824        4,078       4,331        4,585       4,839       5,093        5,347       5,601         5,855
12.50%       5,870        6,262       6,654        7,046       7,438       7,830        8,222       8,614         9,006
12.75%       6,004        6,408       6,811        7,214       7,617       8,021        8,424       8,827         9,230
13.00%       6,139        6,553       6,968        7,382       7,797       8,211        8,626       9,040         9,454
13.25%       6,279        6,693       7,108        7,522       7,937       8,351        8,766       9,180         9,595
13.50%       6,430        6,856       7,281        7,707       8,133       8,558        8,984       9,410         9,835
13.75%       6,576        7,018       7,461        7,903       8,345       8,788        9,230       9,673        10,115
14.00%       6,721        7,169       7,617        8,065       8,514       8,962        9,410       9,858        10,306
14.25%       6,872        7,332       7,791        8,250       8,710       9,169        9,628      10,087        10,547
14.50%       7,035        7,505       7,976        8,446       8,917       9,387        9,858      10,328        10,799
14.75%       7,192        7,673       8,155        8,637       9,118       9,600       10,082      10,563        11,045
15.00%       7,349        7,841       8,334        8,827       9,320       9,813       10,306      10,799        11,292
15.25%       7,528        8,032       8,536        9,040       9,544      10,048       10,552      11,056        11,560
15.50%       7,701        8,217       8,732        9,247       9,763      10,278       10,793      11,308        11,824
15.75%       7,875        8,407       8,939        9,471      10,003      10,535       11,068      11,600        12,132
16.00%       8,054        8,592       9,130        9,667      10,205      10,743       11,280      11,818        12,356
16.25%       8,233        8,777       9,320        9,863      10,407      10,950       11,493      12,037        12,580
16.50%       8,424        8,990       9,555       10,121      10,687      11,252       11,818      12,384        12,950
16.75%       8,614        9,186       9,757       10,328      10,900      11,471       12,042      12,613        13,185
17.00%       8,816        9,404       9,992       10,580      11,168      11,756       12,345      12,933        13,521
17.25%       9,018        9,623      10,227       10,832      11,437      12,042       12,647      13,252        13,857
17.50%       9,214        9,830      10,446       11,062      11,678      12,294       12,910      13,526        14,143
17.75%       9,432       10,059      10,687       11,314      11,941      12,569       13,196      13,823        14,451
18.00%       9,645       10,283      10,922       11,560      12,199      12,837       13,476      14,115        14,753
18.25%       9,869       10,530      11,191       11,852      12,513      13,174       13,834      14,495        15,156
18.50%      10,099       10,765      11,432       12,098      12,765      13,431       14,098      14,764        15,431
18.75%      10,323       11,012      11,700       12,389      13,078      13,767       14,456      15,145        15,834
19.00%      10,558       11,264      11,969       12,675      13,381      14,087       14,792      15,498        16,204
19.25%      10,799       11,521      12,244       12,966      13,689      14,411       15,134      15,856        16,579
19.50%      11,045       11,785      12,524       13,263      14,003      14,742       15,481      16,220        16,960
19.75%      11,297       12,048      12,798       13,549      14,299      15,050       15,800      16,551        17,301
20.00%      11,555       12,328      13,101       13,874      14,647      15,420       16,192      16,965        17,738
20.25%      11,818       12,602      13,386       14,171      14,955      15,739       16,523      17,307        18,091
20.50%      12,093       12,899      13,706       14,512      15,319      16,125       16,932      17,738        18,545
20.75%      12,367       13,196      14,025       14,854      15,683      16,512       17,341      18,170        18,999
21.00%      12,653       13,498      14,344       15,190      16,036      16,881       17,727      18,573        19,419
21.25%      12,938       13,801      14,663       15,526      16,389      17,251       18,114      18,976        19,839
21.50%      13,230       14,115      14,999       15,884      16,769      17,654       18,539      19,424        20,309
21.75%      13,532       14,439      15,347       16,254      17,161      18,069       18,976      19,884        20,791
22.00%      13,868       14,787      15,705       16,624      17,542      18,461       19,379      20,298        21,217

<CAPTION>
                                                     Asset Growth
76.0%       78.0%        80.0%       82.0%        84.0%       86.0%       88.0%        90.0%       92.0%         94.0%
------      ------       ------      ------       ------      ------      ------       ------      ------        ------
<C>         <C>          <C>         <C>          <C>         <C>         <C>          <C>         <C>           <C>
 5,974       6,236        6,471       6,706        6,942       7,177       7,412        7,647       7,882         8,118
 6,109       6,378        6,617       6,856        7,095       7,334       7,573        7,812       8,051         8,289
 9,398       9,785       10,155      10,524       10,894      11,264      11,633       12,003      12,373        12,742
 9,634      10,003       10,379      10,754       11,129      11,504      11,880       12,255      12,630        13,006
 9,869      10,233       10,614      10,995       11,376      11,756      12,137       12,518      12,899        13,280
10,009      10,468       10,860      11,252       11,644      12,037      12,429       12,821      13,213        13,605
10,261      10,709       11,112      11,516       11,919      12,322      12,725       13,129      13,532        13,935
10,558      10,956       11,370      11,785       12,199      12,613      13,028       13,442      13,857        14,271
10,754      11,202       11,622      12,042       12,462      12,882      13,302       13,722      14,143        14,560
11,006      11,460       11,885      12,311       12,737      13,162      13,588       14,014      14,439        14,865
11,269      11,717       12,160      12,602       13,045      13,487      13,930       14,372      14,815        15,257
11,527      11,986       12,434      12,882       13,330      13,778      14,227       14,675      15,123        15,571
11,785      12,261       12,720      13,179       13,638      14,098      14,557       15,016      15,476        15,935
12,065      12,541       13,011      13,482       13,952      14,423      14,893       15,364      15,834        16,305
12,339      12,832       13,314      13,795       14,277      14,759      15,240       15,722      16,204        16,685
12,664      13,123       13,616      14,109       14,602      15,095      15,588       16,080      16,573        17,066
12,894      13,420       13,924      14,428       14,932      15,436      15,940       16,445      16,949        17,453
13,123      13,722       14,238      14,753       15,268      15,784      16,299       16,814      17,329        17,845
13,515      14,036       14,568      15,100       15,632      16,164      16,697       17,229      17,761        18,293
13,756      14,361       14,899      15,436       15,974      16,512      17,049       17,587      18,125        18,663
14,109      14,686       15,229      15,772       16,316      16,859      17,402       17,946      18,489        19,032
14,462      15,022       15,588      16,153       16,719      17,285      17,850       18,416      18,982        19,547
14,759      15,364       15,935      16,506       17,077      17,649      18,220       18,791      19,363        19,934
15,078      15,716       16,310      16,904       17,498      18,091      18,685       19,279      19,872        20,466
15,392      16,075       16,680      17,285       17,890      18,495      19,099       19,704      20,309        20,914
15,817      16,445       17,061      17,677       18,293      18,909      19,525       20,141      20,757        21,373
16,097      16,825       17,453      18,080       18,707      19,335      19,962       20,589      21,217        21,844
16,523      17,206       17,856      18,506       19,155      19,805      20,455       21,105      21,754        22,404
16,909      17,598       18,259      18,920       19,581      20,242      20,903       21,564      22,225        22,886
17,301      18,002       18,674      19,346       20,018      20,690      21,362       22,034      22,706        23,379
17,699      18,416       19,111      19,805       20,500      21,194      21,889       22,583      23,278        23,972
18,052      18,836       19,542      20,248       20,953      21,659      22,365       23,071      23,776        24,482
18,511      19,262       19,990      20,718       21,446      22,174      22,902       23,631      24,359        25,087
18,875      19,704       20,444      21,183       21,922      22,662      23,401       24,140      24,880        25,619
19,351      20,152       20,903      21,653       22,404      23,155      23,905       24,656      25,406        26,157
19,828      20,612       21,385      22,158       22,930      23,703      24,476       25,249      26,022        26,795
20,264      21,082       21,872      22,662       23,451      24,241      25,031       25,821      26,610        27,400
20,701      21,564       22,376      23,188       24,000      24,812      25,625       26,437      27,249        28,061
21,194      22,057       22,886      23,715       24,544      25,373      26,201       27,030      27,859        28,688
21,698      22,561       23,412      24,264       25,115      25,966      26,818       27,669      28,520        29,372
22,135      23,099       23,961      24,824       25,686      26,549      27,411       28,274      29,136        30,021
</TABLE>